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European Bank Deleveraging and Global Credit Conditions : Implications of a Multi-Year Process on Long-Term Finance and Beyond
Feyen, Erik; Gonz??lez del Mazo, In??s - 2013
since been tightening credit conditions in Europe more for longer-term lending, a trend that banks expect to continue …This paper assesses European bank deleveraging and its impact on global credit conditions. Before the onset of the …. European financial stress has been transmitted to emerging markets that have experienced a sustained deterioration of credit …
Persistent link: https://www.econbiz.de/10012558123
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Finance and Economic Opportunity
Demirg????-Kunt, Asli; Levine, Ross - 2012
An influential body of theoretical research and an emerging line of empirical work suggest that the operation of the formal financial system affects the degree to which economic opportunities are defined by talent and initiative rather than by parental wealth and social connections. This paper...
Persistent link: https://www.econbiz.de/10012552257
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Finance, Financial Sector Policies, and Long-Run Growth
Demirg????-Kunt, Asli; Levine, Ross - 2012
The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems...
Persistent link: https://www.econbiz.de/10012552258
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Financial Development and Innovation in Small Firms
Sharma, Siddharth - 2012
This paper uses firm level data from a cross-section of 57 countries to study how financial development affects innovation in small firms. The analysis finds that relative to large firms in the same industry, spending on research and development by small firms is more likely and sizable in...
Persistent link: https://www.econbiz.de/10012552827
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The Determinants of Financing Obstacles
Beck, Thorsten; Demirg????-Kunt, Asli; Laeven, Luc - 2013
The authors use survey data on a sample of over 10,000 firms from 80 countries to assess (1) how successful a priori classifications are in distinguishing between financially constrained and unconstrained firms, and (2) more generally, the determinants of financing obstacles of firms. They find...
Persistent link: https://www.econbiz.de/10012559632
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What Have We Learned from the Enterprise Surveys Regarding Access to Credit by SMEs?
Kuntchev, Veselin; Ramalho, Rita; Rodriguez-Meza, Jorge - 2014
Using a unique firm level data set -- the Enterprise Surveys -- this paper develops a new measure of credit … Credit Constrained, Maybe Credit Constrained, Partially Credit Constrained, and Fully Credit Constrained to understand the … at the relationship between firm size and credit-constrained status. First, the analysis finds that small and medium …
Persistent link: https://www.econbiz.de/10012560778
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Financial Development in Asia : Beyond Aggregate Indicators
Didier, Tatiana; Schmukler, Sergio L. - 2014
systems in Asia remain less developed than in advanced countries but more developed than in Eastern Europe and Latin America …
Persistent link: https://www.econbiz.de/10012560866
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How Bank Competition Affects Firms' Access to Finance
Love, Inessa; Mart??nez Peria, Mar??a Soledad - 2012
environment that banks operate in. Some features of the environment, such as greater financial development and better credit …
Persistent link: https://www.econbiz.de/10012557045
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The Financing and Growth of Firms in China and India : Evidence from Capital Markets
Didier, Tatiana; Schmukler, Sergio L. - 2013
This paper studies the extent to which firms in China and India use capital markets to obtain financing and grow. Using a unique data set on domestic and international capital raising activity and firm performance, it finds that the expansion of financial market activity since the 1990s has been...
Persistent link: https://www.econbiz.de/10012558137